EnviDa PriceEDATInactive

What is EnviDa (EDAT)?

EnviDa (EDAT) is a cryptocurrency project launched on June 30, 2017 that focuses on the decentralized collection of sensitive, future-relevant environmental data. The project builds a blockchain-based ecosystem designed to provide a globally independent foundation for collecting, storing, and utilizing mobile environmental data. At the core of EnviDa is its self-developed DriveMining technology, which collects data through sensors and lidar cameras equipped on vehicles while simultaneously mining cryptocurrencies to generate passive income for users. Passive income is not guaranteed: returns depend on hardware costs, network conditions, and the market price of the mined tokens, which can fall. EDAT is the native utility token of the ecosystem, with a total supply of 50,000,000 EDAT and a maximum supply of 200,000,000 EDAT. The maximum supply is 200,000,000 EDAT, four times the current total supply of 50,000,000 EDAT. Of the total allocation, 75% is designated for PoW mining rewards. Its EDAT token is now issued on the Polygon network, and it was first listed on CoinMarketCap on November 16, 2021.

Key Specifications & Tokenomics

• Name: EnviDa
• Symbol / Ticker: EDAT
• Blockchain / Network: Polygon
• Contract Address: 0xdd9ba3b2571bea0854beb0508ce10fed0eca7e3e
• Explorer: polygonscan.com
• Launch Year: 2017
• Total Supply: 50,000,000 EDAT
• Max Supply: 200,000,000 EDAT
• Circulating Supply: 6.97M EDAT (self-reported, per CoinMarketCap), equal to about 3.49% of max supply.
• CertiK Rating: 3.0 (out of 5, as published by CertiK). A rating is not a security guarantee; readers should review the underlying audit reports directly.
• Self-Reported Tags: PoS, PoW, Marketplace
• Category: Polygon Ecosystem
• Token Allocation: 75% for PoW mining rewards, 8% for the token sale, 6% reserved for the ecosystem, 5% for the team, 3.5% for partnerships and investors, and 2.5% for marketing
• Official Website: https://envidatoken.io/ ; https://edat.app/
• Whitepaper: https://envidatoken.io/media/2021/11/Envida-Whitepaper-PRO.pdf
• Source Code: https://github.com/EnviDa-Blockchain
• Official Announcements: https://linktr.ee/EnviDa
• CoinMarketCap ID: 14610
• Slug: envida

Who created EnviDa?

The reference materials do not identify the project's founder or team.

How does EnviDa work?

EnviDa operates through its proprietary DriveMining technology, a self-developed system that works independently from connected sensors. The system equips vehicles with sensors and lidar cameras to collect mobile environmental data as they move. This technology can be integrated into hybrid and electric vehicles and is adaptable to various vehicle types. The primary targets for this system are transportation companies, including taxi services, ride-sharing platforms, and delivery services, which can benefit from the dual functionality of their vehicles as both service providers and data collectors. As vehicles go about their daily routes, the DriveMiner system mines cryptocurrencies, generating passive income for the vehicle owners and operators. Participants in the ecosystem are rewarded with EDAT tokens, which serve as the currency within the EnviDa platform.

What makes EnviDa unique and valuable?

EnviDa distinguishes itself by combining environmental data collection with cryptocurrency mining in a single decentralized ecosystem. The DriveMining technology addresses the growing need for accurate and sensitive environmental data, which is increasingly crucial for future planning and sustainability efforts. By leveraging blockchain technology, EnviDa provides a secure, transparent, and efficient method for gathering, storing, and accessing environmental information. The dual functionality of the system allows transportation companies to generate passive income while contributing to environmental data collection, creating a unique incentive model. The project's focus on mobile environmental data and its integration with real-world vehicles positions it as a pioneering initiative within the blockchain and cryptocurrency realm. The project describes its goal as offering a potential solution toward global warming and positions itself as building the future of environmental tracing with blockchain.

What is EnviDa used for?

EDAT serves as the utility token within the EnviDa ecosystem. Its primary purpose is to advance the EnviDa project, with proceeds from the token sale used to fund the production of hardware components, blockchain development, and infrastructure construction. Participants in the ecosystem earn EDAT tokens through the mining process facilitated by DriveMining technology. These tokens can be used within the EnviDa platform for various purposes, serving as the currency that powers transactions and interactions within the ecosystem. The token creates an incentive for participation and contributes to the growth and sustainability of the EnviDa project by rewarding vehicle owners and operators who install the DriveMiner system.

How Is the EnviDa ecosystem developing?

The EnviDa ecosystem has been developing since the project launched in 2017. On November 16, 2021, EDAT was first listed on CoinMarketCap. On October 7, 2022, EDAT was listed on LBank Exchange at 10:00 UTC, and the EDAT/USDT trading pair became officially available for trading. On October 12, 2022, a press release distributed via Newsfile Corp. announced the LBank listing. EDAT is tracked on major price platforms including CoinMarketCap and CoinGecko. Official community channels include Telegram (t.me/envidatokenio ; t.me/EDATApp), X/Twitter (@envidadatatrack), Reddit (r/EnviDa), Instagram (envida.datatracking), and Facebook (envida.datatracking). The ecosystem continues to focus on expanding its DriveMining technology and integrating with transportation companies to grow its network of data collection vehicles.

How to mine EnviDa?

EnviDa uses a mining mechanism through its DriveMining technology rather than traditional proof-of-work or proof-of-stake mining. Vehicle owners and operators install the DriveMiner system, which can be integrated into hybrid and electric vehicles. The system mines various cryptocurrencies as the vehicle operates, generating passive income for the user. The mining process works independently from the connected sensors, meaning the data collection and cryptocurrency mining functions operate in parallel. Participants are rewarded with EDAT tokens for their contribution to the ecosystem. The DriveMiner system mines various cryptocurrencies as the vehicle operates. EDAT rewards are drawn from the 75% of total supply allocated to PoW mining rewards. The project self-reports both PoS and PoW tags; the reference materials do not specify which part of the system each tag describes.

How to keep your EnviDa Coin safe?

To keep EDAT tokens safe, users should store them in reputable wallets that support the Polygon network. Wallets supporting EDAT include Bitcoin.com Wallet, Ledger, MetaMask, and Trust Wallet. Hardware wallets like Ledger provide an additional layer of security by keeping private keys offline. Users should always verify contract addresses before conducting transactions, ensure they are using official platforms, and avoid sharing private keys or seed phrases with anyone. Regular security audits and staying informed about project updates can also help protect holdings. As with any cryptocurrency, practicing good operational security and using trusted sources for transactions is essential. Cryptocurrency markets are volatile, and token prices can fluctuate significantly. Regulatory policies vary by jurisdiction and may change. Technical risks, including smart contract vulnerabilities and network issues, also apply.